Your organization has recently started using group decision making. You are most likely to observe that ________
A) group decision making is slower than individual decision making
B) group decision making leads to decreased acceptance of the solution
C) groups generate less information and knowledge than individuals
D) group decisions are less creative than individual decisions
E) group decisions are more accurate than the judgments of the most accurate individual in the group
A
Explanation: A) Groups generate more complete information and knowledge. Group decisions are time consuming because groups typically take more time to reach a solution. Group decisions are generally more accurate than the decisions of the average individual in a group but less accurate than the judgments of the most accurate. In terms of speed, individuals are superior. If creativity is important, groups tend to be more effective.
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Jose started renting a house to Bill for $600 per month beginning February 1, 2016. Bill paid $1,200 on January 15, 2016, which included one month's rent and one month's security deposit. The rent is due by the 5th of the month. The lease specifies that the security deposit will also be used as the final month's rent. Bill pays the rent on the 2nd of each month. Bill also paid $150 for repairs to the air-conditioning system in July and $80 for a roof repair in September. He deducted the amounts from the rent paid to Jose for those months. Bill was unable to pay December's rent until January of the next year. How much should Jose report as rental income for 2016?
a. $6,600 b. $7,200 c. $6,900 d. $6,000
A real estate licensee submits a license renewal application, but his name is on a list of obligors who have not complied with a court-ordered payment of child support. Which of the following is most nearly correct:
A: The license cannot be renewed until he has paid the delinquent amount; B: The renewal will be approved, but the license will be suspended until he makes up the delinquent amount; C: A temporary renewal will be issued, but the licensee must pay the delinquent amount within 150 days; D: The license will be renewed for a one-year term only, unless the licensee submits proof from the District Attorney that the debt has been paid.